Southwest Airlines Co. (NYSE:LUV – Get Free Report) Director Sarah Feinberg acquired 500 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average cost of $31.48 per share, with a total value of $15,740.00. Following the completion of the transaction, the director now directly owns 7,311 shares in the company, valued at $230,150.28. The trade was a 7.34 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Southwest Airlines Price Performance
Shares of NYSE LUV opened at $31.74 on Friday. The stock has a market capitalization of $18.81 billion, a price-to-earnings ratio of 44.08, a PEG ratio of 0.97 and a beta of 1.10. Southwest Airlines Co. has a 12 month low of $23.58 and a 12 month high of $36.12. The firm’s 50 day simple moving average is $31.12 and its 200-day simple moving average is $31.22. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.92 and a quick ratio of 0.85.
Southwest Airlines (NYSE:LUV – Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The airline reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. Southwest Airlines had a net margin of 1.69% and a return on equity of 5.77%. Analysts expect that Southwest Airlines Co. will post 1.55 EPS for the current year.
Southwest Airlines Announces Dividend
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $25.00 price objective on shares of Southwest Airlines in a research report on Monday, March 3rd. Citigroup reissued a “sell” rating and set a $29.50 price target (down from $31.50) on shares of Southwest Airlines in a research report on Thursday, January 16th. Morgan Stanley reissued an “overweight” rating and set a $42.00 price target on shares of Southwest Airlines in a research report on Wednesday, December 11th. Argus raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Tuesday, February 11th. Finally, Raymond James raised their price target on shares of Southwest Airlines from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, December 30th. Seven analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.72.
View Our Latest Research Report on LUV
Institutional Investors Weigh In On Southwest Airlines
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Southwest Airlines by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 68,653,945 shares of the airline’s stock valued at $2,308,146,000 after acquiring an additional 426,878 shares during the period. Franklin Resources Inc. grew its stake in Southwest Airlines by 9.6% in the 4th quarter. Franklin Resources Inc. now owns 32,978,869 shares of the airline’s stock valued at $1,108,750,000 after acquiring an additional 2,896,150 shares during the period. Geode Capital Management LLC grew its stake in Southwest Airlines by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 14,152,996 shares of the airline’s stock valued at $475,092,000 after acquiring an additional 320,421 shares during the period. Dimensional Fund Advisors LP grew its stake in Southwest Airlines by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,111,634 shares of the airline’s stock valued at $205,476,000 after acquiring an additional 372,313 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Southwest Airlines by 66.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 6,014,828 shares of the airline’s stock valued at $202,219,000 after purchasing an additional 2,391,495 shares in the last quarter. Institutional investors and hedge funds own 80.82% of the company’s stock.
Southwest Airlines Company Profile
Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.
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